A new report from Transparency International rated Chinese companies lowest among 100 companies from the emerging market countries for levels of transparency. This has implications for African countries and civil societies.
Beijing has required little of its firms. Yet what is also interesting is that two Chinese firms were among the five best performers, with regard to transparency (below). Unfortunately for Africa, two of the firms that operate on a large scale across the continent, Huawei and CNOOC, are also among the firms that scored 0 on TI’s scale (below). Add to this the zero rating of Brazil’s huge engineering firm, Odebrecht Group, and the challenges for transparency in Africa are apparent. It would be interesting to study the “best” and “worst” Chinese firms on this list to discover why some have chosen to adhere to a growing international norm, while others choose to remain opaque.
Source: Transparency International. 100 = most transparent. 0 = least transparent.